Yandex Announces Results of 2013 Annual General Meeting of Shareholders

Published 8:14 AM ET Wed, 22 May 2013
Globe Newswire

MOSCOW and THE HAGUE, Netherlands, May 22, 2013 (GLOBE NEWSWIRE) -- Yandex N.V. (Nasdaq:YNDX), the leading internet company in Russia operating the country's most popular search engine and most visited website, announces that all resolutions proposed at Yandex's 2013 Annual General Meeting of Shareholders ("AGM"), held on Tuesday, May 21, 2013 have been passed.

The total number of Class A shares eligible to vote at the AGM was 232,984,035, with a total of 231,524,035 voting rights; the total number of Class B shares was 96,034,266, with a total of 959,885,700 voting rights. Each Class A share carries one vote; each Class B share carries ten votes. The Class A shares and Class B shares voted together as a single class on all matters at the AGM.

Regarding the proposal to grant discharge to the directors for their management during the past financial year, 1,049,275,770 votes cast in favor, 379,713 votes cast against, and 459,061 votes abstained.

Proposal Four – Appointment of new director

The following Director was appointed to serve for a one year term:

Director

Number of Shares For

Number of Shares Against

Number of Shares Abstained

Rogier Rijnja

1,047,149,601

2,942,319

22,624

Proposals Five, Six and Seven –Re-appointment of directors

The following three Directors were re-appointed to serve until their respective successors are duly elected and qualified:

Yandex (Nasdaq:YNDX) is one of the largest European internet companies, providing the world with search and online services one market at a time. Yandex's mission is to help users solve their everyday problems by building people-centric products and services. Based on innovative technologies, the company provides the most relevant, locally tailored experience on all digital platforms and devices. Yandex is the leading search service in Russia and also serves Turkey, Ukraine, Belarus and Kazakhstan. More information on Yandex can be found at http://company.yandex.com.